China's polysilicon companies collectively claim that the industry is on the verge of survival, and the Ministry of Commerce is required to initiate a dual-counter investigation of polysilicon in the United States and South Korea.
Gao Hongling, deputy secretary-general of the China Photovoltaic Industry Alliance, confirmed that GCL-Poly, Solar Energy, Big Brand New Energy and other polysilicon companies have submitted applications to the Ministry of Commerce.
From January to May this year, China imported a total of 34,034.74 tons of polysilicon. In May, the monthly import volume was 7896.08 tons, an increase of 27.67% compared with the previous period, of which 3269.37 tons were imported from the United States and 1752.74 tons were imported from South Korea.
Due to the low price of imported polysilicon in the United States, South Korea, and other countries, since September 2011, 80% of China’s domestic companies have stopped production, affecting the entire industry with more than 50 billion investment.
Corresponding to this, following the United States’ preliminary settling of China's PV module dual-anticipation, Europe is brewing and launching a dual counter-survey against Chinese PV companies; on June 27, the US Department of Commerce issued an announcement saying that it had previously made The countervailing duty on Chinese PV companies will be increased.
"The industry has stopped production for more than three quarters, resulting in more than 5,000 unemployed people." On June 27th, a polysilicon executive was worried. After the US's double reaction, the price of local components fell, and the US domestic manufacturers Service providers can all benefit, but China's module companies have suffered more serious losses, polysilicon companies have stopped production, and production has been limited. "Why domestic companies have been losing?"
At the same time, the executive said frankly that the industry’s appeal for dual-survey investigations of polysilicon from the United States and South Korea has been actively responded to by the Ministry of Commerce.
Different dual investigations The polysilicon industry collectively filed a dual counterclaim with the Ministry of Commerce against the polysilicon companies in the United States and South Korea. There was precedent in November 2011, but it was shelved due to the opposition of downstream components.
“But this time, the voice of polysilicon companies has received the support of many downstream companies.†The above executives admitted that it was difficult for the U.S. dual anti-final sanctions to overturn the preliminary referendum in October and is now about to face the possibility of a double anti-survey in Europe. "Without countermeasures, Chinese companies will only lose even worse."
The data shows that since the preliminary anti-dumping results were announced in mid-May, the price of Chinese PV modules exported to the United States has dropped from US$0.9/W to US$0.8/W, and the price has dropped by more than 10%. This also means that the industry's original anticipation of the double anti-dumping will increase the price of U.S. photovoltaic products, and will eventually affect the US's anti-final plan.
Based on this, the US Department of Commerce announced that it will increase countervailing duties on China's PV modules. Among them, the countervailing duty imposed on Suntech Power increased to 3.44%, and Trina Solar raised it to 5.81%. The tax countervailing duties of all other Chinese solar companies will also increase.
If we add 31.14% to 249.96% of the anti-dumping tax rate, Chinese PV companies will enter the US market and face a higher threshold.
More importantly, the losses of China's PV manufacturers are still widening while the dual-return allows U.S. manufacturers to obtain greater profits. Data show that in the first quarter of this year, LDK suffered a loss of 185 million U.S. dollars, Suntech lost a total of 133 million U.S. dollars, Jinko Energy suffered a loss of 57 million U.S. dollars, and Ying Li suffered a loss of 45 million U.S. dollars.
The financing environment has also worsened, and the financing of photovoltaic companies has been increasing steeply. Taking Sichuan as an example, the Bank of Communications of Sichuan Province has fully granted credit limits to credit customers in the photovoltaic industry.
"The spot price of polysilicon is now 25-26 US dollars / kg, we repeatedly told the downstream companies, even if the United States and South Korea's polysilicon dual reverse set up, the price will not change much, but the supply side has changed." The executive said, The RECs of Norway and WACKER of Germany, which are among the seven major international plants, can be exported to China, which can meet the needs of domestic downstream companies.
Zhao Jiasheng, president of the China Nonferrous Metals Industry Association’s Silicon Division, admitted to the reporter that the council is currently conducting data investigations of the polysilicon industry that are undermined by low-cost dumping. “Whether the US-Korea companies are selling at a low price or not is lower than their own Cost price sales, and strive to be true and accurate."
The salvation of the polysilicon industry is concentrated in Sichuan, which has as many as seven polysilicon companies. At present, only two (Ruieng and Yongxiang) are able to produce, but this is only a microcosm of China's polysilicon industry's large-scale production suspension.
At present, there are 69 domestic polysilicon companies under construction and completed, but more than 80% of them have been discontinued.
Wang Heng, general manager of polysilicon technology and general manager of Chengdu Henghai Chemical Technology Service Co., Ltd., told reporters that polysilicon of Luoyang Silicon Industry, Asia Silicon Industry, Sunshine Silicon Industry and China Southern Glass Co., Ltd. can only be part of the company, “Ningxia Guodian and Kunming Metallurgical Research New Materials Then stopped.†The basic stoppage of Inner Mongolia, the only full-scale production can only be Poly GCL, LDK Solar and three.
The polysilicon industry is a chemical industry. If the machine does not operate for a long period of time, it will face problems such as furnace contamination and corrosion, and the maintenance cost will be very high. At present, the suspension of production of polysilicon enterprises in China has been nearly three quarters long.
The aforementioned executives stated that at present the global PV industry is in a downturn, including large manufacturers such as WACKER, MEMC, and South Korea’s OCI, all of which sell low prices or sell polysilicon to China at a loss. “Their prices are all around US$21-22/kg, domestically. The company's cost is more than 35 US dollars / kg, there is no competitiveness at all."
In 2011, China imported a total of 64613.86 tons of polysilicon, an increase of 36.00% year-on-year; of this, 21361 tons were imported from South Korea, an increase of 89.47% year-on-year.
Gao Hongling, deputy secretary-general of the China Photovoltaic Industry Alliance, confirmed that GCL-Poly, Solar Energy, Big Brand New Energy and other polysilicon companies have submitted applications to the Ministry of Commerce.
From January to May this year, China imported a total of 34,034.74 tons of polysilicon. In May, the monthly import volume was 7896.08 tons, an increase of 27.67% compared with the previous period, of which 3269.37 tons were imported from the United States and 1752.74 tons were imported from South Korea.
Due to the low price of imported polysilicon in the United States, South Korea, and other countries, since September 2011, 80% of China’s domestic companies have stopped production, affecting the entire industry with more than 50 billion investment.
Corresponding to this, following the United States’ preliminary settling of China's PV module dual-anticipation, Europe is brewing and launching a dual counter-survey against Chinese PV companies; on June 27, the US Department of Commerce issued an announcement saying that it had previously made The countervailing duty on Chinese PV companies will be increased.
"The industry has stopped production for more than three quarters, resulting in more than 5,000 unemployed people." On June 27th, a polysilicon executive was worried. After the US's double reaction, the price of local components fell, and the US domestic manufacturers Service providers can all benefit, but China's module companies have suffered more serious losses, polysilicon companies have stopped production, and production has been limited. "Why domestic companies have been losing?"
At the same time, the executive said frankly that the industry’s appeal for dual-survey investigations of polysilicon from the United States and South Korea has been actively responded to by the Ministry of Commerce.
Different dual investigations The polysilicon industry collectively filed a dual counterclaim with the Ministry of Commerce against the polysilicon companies in the United States and South Korea. There was precedent in November 2011, but it was shelved due to the opposition of downstream components.
“But this time, the voice of polysilicon companies has received the support of many downstream companies.†The above executives admitted that it was difficult for the U.S. dual anti-final sanctions to overturn the preliminary referendum in October and is now about to face the possibility of a double anti-survey in Europe. "Without countermeasures, Chinese companies will only lose even worse."
The data shows that since the preliminary anti-dumping results were announced in mid-May, the price of Chinese PV modules exported to the United States has dropped from US$0.9/W to US$0.8/W, and the price has dropped by more than 10%. This also means that the industry's original anticipation of the double anti-dumping will increase the price of U.S. photovoltaic products, and will eventually affect the US's anti-final plan.
Based on this, the US Department of Commerce announced that it will increase countervailing duties on China's PV modules. Among them, the countervailing duty imposed on Suntech Power increased to 3.44%, and Trina Solar raised it to 5.81%. The tax countervailing duties of all other Chinese solar companies will also increase.
If we add 31.14% to 249.96% of the anti-dumping tax rate, Chinese PV companies will enter the US market and face a higher threshold.
More importantly, the losses of China's PV manufacturers are still widening while the dual-return allows U.S. manufacturers to obtain greater profits. Data show that in the first quarter of this year, LDK suffered a loss of 185 million U.S. dollars, Suntech lost a total of 133 million U.S. dollars, Jinko Energy suffered a loss of 57 million U.S. dollars, and Ying Li suffered a loss of 45 million U.S. dollars.
The financing environment has also worsened, and the financing of photovoltaic companies has been increasing steeply. Taking Sichuan as an example, the Bank of Communications of Sichuan Province has fully granted credit limits to credit customers in the photovoltaic industry.
"The spot price of polysilicon is now 25-26 US dollars / kg, we repeatedly told the downstream companies, even if the United States and South Korea's polysilicon dual reverse set up, the price will not change much, but the supply side has changed." The executive said, The RECs of Norway and WACKER of Germany, which are among the seven major international plants, can be exported to China, which can meet the needs of domestic downstream companies.
Zhao Jiasheng, president of the China Nonferrous Metals Industry Association’s Silicon Division, admitted to the reporter that the council is currently conducting data investigations of the polysilicon industry that are undermined by low-cost dumping. “Whether the US-Korea companies are selling at a low price or not is lower than their own Cost price sales, and strive to be true and accurate."
The salvation of the polysilicon industry is concentrated in Sichuan, which has as many as seven polysilicon companies. At present, only two (Ruieng and Yongxiang) are able to produce, but this is only a microcosm of China's polysilicon industry's large-scale production suspension.
At present, there are 69 domestic polysilicon companies under construction and completed, but more than 80% of them have been discontinued.
Wang Heng, general manager of polysilicon technology and general manager of Chengdu Henghai Chemical Technology Service Co., Ltd., told reporters that polysilicon of Luoyang Silicon Industry, Asia Silicon Industry, Sunshine Silicon Industry and China Southern Glass Co., Ltd. can only be part of the company, “Ningxia Guodian and Kunming Metallurgical Research New Materials Then stopped.†The basic stoppage of Inner Mongolia, the only full-scale production can only be Poly GCL, LDK Solar and three.
The polysilicon industry is a chemical industry. If the machine does not operate for a long period of time, it will face problems such as furnace contamination and corrosion, and the maintenance cost will be very high. At present, the suspension of production of polysilicon enterprises in China has been nearly three quarters long.
The aforementioned executives stated that at present the global PV industry is in a downturn, including large manufacturers such as WACKER, MEMC, and South Korea’s OCI, all of which sell low prices or sell polysilicon to China at a loss. “Their prices are all around US$21-22/kg, domestically. The company's cost is more than 35 US dollars / kg, there is no competitiveness at all."
In 2011, China imported a total of 64613.86 tons of polysilicon, an increase of 36.00% year-on-year; of this, 21361 tons were imported from South Korea, an increase of 89.47% year-on-year.
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